AD Ports signs Dhs2.47 billion land sale deal with Mira Developments

AD Ports Group has signed a land sale agreement with Mira Developments, for the development of one of the largest mixed-use communities in the Al Mamoura district of Abu Dhabi, the land which forms part of the Group’s 16 square-kilometre Town Centre Area, is strategically located along the Dubai-Abu Dhabi highway.

Valued at Dhs2.47 billion, the strategic agreement will see the development of a large-scale, fully integrated community over the next decade, with construction scheduled to commence within 12 months and completion expected within 10 years from the agreement’s effective date of 29th September 2025, underscoring strong commitment to the established timeline and towards the project’s importance as a cornerstone for driving sustainable development and delivering a transformative shift in the urban sector.

The agreement marks one of the most significant milestones in AD Ports Group’s journey of growth, reinforcing its position as a diversified, future-focused company, and highlights its ability to attract strategic investments to the Emirate.

Beyond strengthening the Group’s financial position, the transaction unlocks new value from its extensive land portfolio, accelerating the development of its master plan and enabling the redeployment of capital into high-impact infrastructure, logistics, and trade facilitation projects. Captain Mohamed Juma Al Shamsi, Managing Director and Group CEO, AD Ports Group, said, “This landmark agreement with Mira Developments reflects the Group’s commitment to advancing the development of its land portfolio and attracting new investment.”

“The significant land sale establishes a new source of income for the Group, with the proceeds strengthening the company’s financial position through debt reduction and reinvestment into growth projects.

Together with Mira Developments, we are not merely developing one of Abu Dhabi’s largest mixed-use plots, we are shaping a high-quality, liveable community that supports economic diversification and delivers lasting economic and social value for Abu Dhabi, in line with the vision of our wise leadership.”

This transformative project will significantly enhance Abu Dhabi’s real estate landscape, introducing a premier community that combines residential, commercial, and leisure facilities.

It will feature one of the region’s largest shopping malls, along with a business complex, hotels, world class golf courses, and educational institutions including universities and schools.

The development reflects the increasing demand for high-quality developments in the capital and underscores the confidence of international developers in the Emirate’s long-term economic vision.

Timur Mamaikhanov, Co-Founder and CEO, Mira Developments, said, “We are pleased to partner with AD Ports Group on this transformative project.”

“The Al Mamoura site is an exceptional location, and we are committed to developing a landmark mixed-use community that will set new standards for quality and lifestyle in Abu Dhabi.”

This partnership will set a new standard for community development in the UAE capital. The project will establish a vibrant residential and lifestyle hub to one of Abu Dhabi’s key locations, creating a more balanced and dynamic environment, transforming Al Mamoura into a destination where business and community life can thrive together. Earlier AD Ports Group has signed a 50-year land lease agreement with Emirates Food Industries, a member of the National Holding Group.

This strategic collaboration will initially see the development of state-of-the-art silos at Khalifa Port’s South Quay, further enhancing the port’s capabilities, reinforcing its position as a premier logistics and trade hub in the region, and strengthening the country’s food security by increasing storage capacity for strategic food commodities.

Later stages of the project also anticipate the related launch of an advanced grain processing plant, ultimately seeing a fully integrated industrial complex featuring cutting-edge facilities for processing and storing various types of grains, valued at Dhs2 billion.

Saif Al Mazrouei, Chief Executive Officer, Ports Cluster-AD Ports Group, commented on the agreement, “This 50-year agreement with Emirates Food Industries Group marks a significant step in our ongoing commitment to support the UAE’s food security ambitions. By providing access to our advanced infrastructure and integrated logistics solutions, we are creating a robust platform that will enhance the efficiency and resilience of the nation’s food supply chain.”

Joseph Abdo, Chief Executive Officer, Emirates Food Industries Group said, “This project represents a transformative step in significantly enhancing and advancing our industrial and operational capabilities in the food sector. Our long-term collaboration with AD Ports Group is a strategic imperative, which will contribute directly to the UAE’s food security objectives.”

WAM